Roger Ailes extends Fox deal

Reporting from New York — Roger Ailes, the savvy and hard-charging television executive who transformed the Fox News Channel from an upstart enterprise to the top-rated cable news network, sealed a deal Wednesday to remain in his post for another five years.

Ailes' new contract extends the key role he plays in News Corp. as chief executive of Fox News and chairman of the Fox Television Stations.

"Roger has done a remarkable job building Fox News into a force in journalism," News Corp. Chief Executive Rupert Murdoch said in a statement.

Ailes is also in charge of the Fox Business Network, My Network TV and Twentieth Television.

In an interview, he said one of his top goals for the next five years is "to keep Fox News Channel No. 1."

"I've got to build the business channel into a competitive force," he added. "And at some point the advertising will come back on the station side. There's plenty of work to do."

Since 2002, Fox News has held the title of the most-watched cable news network, although CNN enjoyed some key ratings victories during this year's presidential campaign, including on election night.

"Democrats tend to go over there and watch," Ailes said, then paid his rival a rare compliment, noting its high-tech set: "I think CNN did a good job, also. They bought enough equipment to outfit all the movie theaters in America."

Still, he said he was confident that Fox News, known for its outspoken conservative commentators, would fare well in an Obama administration. While all the cable networks saw large audience drop-offs in the week after the election, Fox News retained 70% of its prime-time viewers, while CNN held on to 42% and MSNBC kept 60%.

"If we keep doing what we're doing, which is tell the truth and let the chips fall where they may, I think we're going to be fine," he said.

Ailes said he had not given any orders about how the network should treat Barack Obama, despite a recent report that he had instructed Fox News hosts to show deference to the president-elect.

Rather, he said he told staffers at a meeting that "all presidents deserve time to get their team on the ground and get organized."

"As American citizens, we all believe we are innocent until proven guilty," he said. "I think we should extend that same rule to our leaders in our country. And therefore we have some obligation in a new presidency not to attempt to destabilize it. It does not mean we wouldn't cover something that came and it was new information."